Tetra Technologies, Inc. · NYSE:TTI
Tetra Technologies — Raymond James 32nd Annual Institutional Investors Conference (March 2011)
30 slides from Tetra Technologies's conference presentation, Mar 7, 2011
Slide 1: Raymond James 32nd Annual Institutional Investors Conference
Exhibit 99.1 Raymond James 32"¢ Annual Institutional Investors Conference
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
Forward-Looking Statements and Non-GAAP Financial Measures /-Looking Statements: pet presen includes certain statements that are or may be deemed to be forward-looking statements. Generally, the use of words such as "may," ate,” ‘projects,’ “anticipate,” “believe,” “assume,” “could,” “should,” “plan
Slide 3: Market Data
Market Data Fhe TETRA >» Exchange: NYSE > Avg. Shares Outstanding for the year ended 12/31/2010: 75.5 million > Market Capitalization: $1,146 million* > Enterprise Value: $1,386 million* > 3-Month Average Daily Trading Volume as of 3/3/2011: 727,000 shares 2011
Slide 4: TETRA is a growth-oriented, safety-focused oil and gas service company
>» TETRAis a growth-oriented, safety: gas service company dondsli F > Involved in: Completion Services Productio! (Fluids) oo re] apenies Services roduction testing and weineed compression services Completion fluids and technical services for onshore & offshore customers Late-Life Services (Offshore
Slide 5: Strategy and Long-Term Objectives
Strategy and Term Objectives fn of pleti lates life and a h ehhancenietl t falas regions of the world — > Completion Services (Fluids) 9 deeper, drilled > Late-Life Servi fishore S: > Production Enhancement Services testing Completion Services strategy 1g - Enter other i i time sein uns oncwinn nee
Slide 6: Fluids, Testing & Compressco Revenue
Fluids, Testing & Compressco Revenue") +& Corporate Headquarters i Operations Offices
Slide 7: Fluids Division Overview
Fluids Division Overview q TETRA > Vv High value fluids franchise effectively competing against SLB, HAL & BHI A low-cost provider of high-end CBFs to GOM and selected other markets > Control manufacturing a fe} jpply agreement ee to capture share of growing deepwater markets with more complex wells
Slide 8: Fluids Revenues and Rig Count
Fluids Revenues and Rig Coun Phe TETRA Fluids Division Revenues and Lagged Total U.S. Rig Count ‘? $90 2 500 0 2,300 $70 2,100 » 360 +i, 90 : 2 He | 1,500 2 ° i | 1,300 so i 4,100 $20 900 $10 }| 700 s 500 © go FP PX FP oP oo ‘== Fluids Division Revenues —— Lagged US Rig Count > Although U.S. ended,
Slide 9: Offshore Services Overview
Offshore Services Overview sy: isd; abandonment capabilities services in the GOM > Integrated suite of services - Heavy lift, well P&A, diving, cutting and wireline services * Agia raat > Steady f NTL No. 2010 G-05, the “Idle Iron” guidance, i: Event-driven demand lly offer better Highly complementa
Slide 10: Offshore Services Revenues and P&A Demand
Offshore Services Revenues and P&A Demand pi Offshore Services Revenues and a $140 140 > Fewer than 200 120 i 120 structures are removed $100 7 100 in a typical year 2 S80 i) a\i | \ 8 > The “P&A Inventory ”" #60 aaWwsea Ba Life” in the GOM is at sao il \J 40 least 16 years” ~ VTi: SIRE EEE ip s gs
Slide 11: Wells Plugged & Abandoned in the GOM
Wells Plugged & Abandoned in the GOM & Abandoned” ‘ermanently P
Slide 12: GOM Platform Installations & Removals
GOM Platform Installations & Removals No. of Platforms
Slide 13: Maritech: de-risking the business
d de-risking the business Sol 11% of a reserves oe 117010" NGLs bis tue nai o Total 11.5 MMBble (69.0 Bcfe) fof oduction: Oil & NGLs 4 1 sdsiay as Total te 3 Mebitay ee 9 —— Drilled pty Ehporesttt bila in pinealer Bay i in Fall 2010 waters of Louisiana Continuing laritech’s P&A li segment ducing P&A
Slide 14: Maritech Revenues and Production
Maritech Revenues and Producti pi and Avg ly Production $ millions 4Q2008 102009 2Q2009 3Q2009 4Q2009 1Q2010 202010 302010 402010 tai Revenue —Avg. Daily Production
Slide 15: Production Testing Overview
Production Testing Overview Ad > rik teat of onshore flowback well testing equipment in e U.S > ADDrORIRIENY 80% of our U.S. fleet is deployed in shale basins > Expanding global footprint > Broadening scope of our well testing and early production capabilities
Slide 16: Production Testing Revenues
Production Testing Revenues phe TETRA Production i and Avg. U.S. L ig $35 2,500 oll we oe “oy i Minti te. oP pee TINEA = $10 POUR “TEE $0 - 0 © © © SS ESE ESE EES SB FS PF SP SM SN SS ss Production Testing Revenues Avg. U.S. Land Rig Count
Slide 17: Compressco Overview
Compressco Overview Phe TETRA >» Fleet of more than 3,600 mobile wellhead compression units > 74% of these units were in service at year end 2010 > Our units can typically increase production by more than 120 Mcf/day nd extend a well’s productive life > Large untapped market potential in the U.S. an
Slide 18: Compressco Revenues and Gas Price
Compressco Revenues and Gas Price pi Compressco Revenues and Trailing Twelve Month Avg. Gas Price" $ millions S/MMBtu
Slide 19: Strategic Catalysts
Strategic Catalysts fi TETRA > Onshore Fluids and Production Testing growth driven by well completions in North American shale play: Vv Resumption of deepwater GOM completions long-term > GOM provides 25% of domestically produced oil and 11% of domestically produced gas” Vv Tightening regulatory sta
Slide 20: Future Milestones
Future Milestones < > —— Services (Fluids ) ig > Maintain our and deepwater Gulf of Mexico sees fluids business > Grow our fluids handling, water Haynesville, Vv Late-Life Servi fish CAniGaS) > Capture greater Vv > Production Enhancement Services > other areas impr MLP amended can say about Compress
Slide 21: Consolidated Financials
Consolidated Financials Fhe TETRA $1,200 $1,000 $800 $600 $ millions $400 S g 2 S $ S s S ‘s Bs) v v ™ Revenues ™ Cash from Operating Activities
Slide 22: Consolidated Financials
Consolidated Financials Fhe TETRA $ millions
Slide 23: 2011 Segment Guidance (Mid-Range)
2011 Segment Guidance (Mid-Range) Revenue” Profit Before Tax $Millions $Millions $305.0 I Fluids Il Offshore Services M™® Maritech Ill Production Enhancement Division® Cometon Late Lite Serves Production Enhancement Senices (Includes estimated intercompany revenues of $60.0 milion in Offshore Servic
Slide 24: Peer Comparisons
eer Comparisons £ 40.0% 30.0% 2010 EBITDA Margin"? aw os ft “ € of SF g® ge SS Appendix or calculation 23
Slide 25: Peer Comparisons
eer Comparisons Fhe TETRA Enterprise Value/Trailing Twelve Month EBITDA as of 12/31/2010"
Slide 26: Financial Data Appendix
Financial Data Appendix Stock price per share on 3/3/2011 $s 18.17 penne 3 of shares roles for year ended 12/31/20! 75,539 Market cipal $ 1,145,927 Enterprise Value Market capitalization based on 3/3/2011 eet price $ 1,145,927 term debt as of 12/31/2010 305,035 Bi as of 12/31/2010 (65,360) Enterpris
Slide 27: Financial Data Appendix
Financial Data Appendix 220. $845.0-935.0, | $128.3- 153.3, Production Enhancement Divi rating divisions total (1) Excludes $2.7 milion of corporate. (hades $2 no spore ide $80.0 milion 2011 ional Estimates (continuing operations) ra millions) Pesttbetess Revenues Cas eh Fluids Division $255.0- 275
Slide 28: Financial Data Appendix
Financial Data Appendix (S thousands) oy 7 « bt components as of 12/31/2010 9/30/2010 _ 6/30/2010 _ 3/31/2010 12/31/2009 9/30/2009 6/30/2009 _3/31, Tul det (ar report $ 305,035 $ 308,149 $ 304,217 $ 307,709 $ 310,132 $ 414183 $ 399,168 $ 426,228 Pein aaa 65360 74154 ___—89,227__—74,410___—33,394 815
Slide 29: Financial Data Appendix
Financial Data Appendix (S thousands, except per share amounts) 2010 Gees Margin”? 3/201 os eee ors NR ou 2a ae S_872,678_$ 1153688 S STAG _S TiSSee E Tat yg S TH90 ese 568,108, me (toss) (43,718) 73,495, seca) feeds) = fanaa Daaee) co or (95,662) Netintret expense ircome) 17,304 1,959 15523 10,2 13
Slide 30: PS ag
PS ag Stuart M. Brig Joseph M. re oh = igo President & Chief Eran! Officer fa Oath apa www.tetratec.com